Urban spaces offer opportunities for people to prosper economically and socially, but this is only possible in prosperous cities that can accommodate people in decent jobs and where land resources are not overwhelmed by growth. And the difficulty was in shipping or moving anything: things, ideas, people. ", Now, he also argued that, "...prosperity has no fixed limits. In Brazil, skills of 15-year-olds have improved but at the current rate, they will not reach average wealthy country scores in math for 75 years, and in reading it would take 263 years, at current rates. Let’s move on from a DUD (dig, use and dump) model, which pollutes nature and wastes money. So, what happens if you're stunted to begin with and your educational system is not providing you what you need to compete in the economy of the future? But the point here is that philanthropy, which was our traditional way of thinking about how you tackle the problem of inequality and poverty is not going work anymore. To learn more about cookies, click here. I would argue that if we don't, we're in big trouble. In addition, we have been able to put $28 billion directly into an account that we reserve for the poorest countries. We are doubling the work we are doing in fragile and conflict-affected states, but we are also realizing that we do about $60- to $65 billion worth of business every year. This is from a study on the wealth of nations, we call it the changing wealth of nations. 10: Apply Previous Class Content to Projects: This class is devoted to applying the issues and research methods from Session 9 to the projects. In the name of economic development, the price of environmental damage is paid in the form of land degradation, soil erosion, air and water pollution, deforestation, etc. And yet, what we know from the Doing Business ranking is that, unless you do a ranking, it doesn't get people's attention. If you, though, look at human capital and wealth per capita, first of all, you see that the high-income countries have so much more wealth per capita than the middle-income or low-income countries. I really do feel, especially with so much of the controversy that you see today, I think that there has to be a new way of interacting with each other as human beings. On the contrary, the more that the other nations enjoy, the more each nation will have for itself.". All countries, including countries in Europe, have work to do at the national level in order to reach the goals. So, what are the insights that have pushed us to seek a consensus between those focused upon the traditional notion of economic progress and those concerned about environmental, Q. Where's Quentin? Can we actually create equality of opportunity for everyone? Professional development can provide opportunities to develop new skills and knowledge, and to apply them to practice in a sustainable way. We have to leverage others. And so, there is so much aspiration, there is so much desire to have access to education, to make sure that your children are not underfed. And so, again, without our putting any money in, just helping them technically do it--we have a program called Scaling Solar. Global data and statistics, research and publications, and topics in poverty and development, 2018 Spring Meeting Positioning Speech, American University, Environmental and Social Policies for Projects. And I asked, why is this a dream? Childhood stunting is very straightforward: If you're two standard deviations below the height for age--and we know now that all children in the world can grow 25 centimeters in the first year, 12 centimeters in the second year. You know, Chinese President Xi Jinping talks about having thousands of years of a great success. The need to achieve the Sustainable Development Goals, a UN--the UN Sustainable Development Goals, the global goals, as they're called, is about $4 trillion a year. We will look at different techniques for incorporating environmental justice considerations into community planning and how they fit within a sustainable development framework. But it is going to be your problem, because the thwarted ambitions of a young person in Africa and the Middle East is not going to be distant from you. So, the education system is not working. So, even if you were in school for 12 years in Yemen or Malawi, you are only going to get about half the benefit as if you were in school in Singapore. And truly, it was Asia and the Middle East that were the sources of much innovation before 1800. And so now, for the first time in history, we have an insurance instrument that will release automatically when diseases like Ebola get to a certain stage. You know, when I say that 200 years ago just about everyone was poor, 50 years ago, when I was a young person--54 years ago when I was still living in Korea, there was a sense that countries like Korea, the poorest countries in the world, would always be poor, you know, the term "Poverty will always be with you.". And without putting a penny into this airport, they have received over a billion dollars over the last nine years in revenue from the airport. The notion now is that, instead of seeing ourselves as a lender, seeing ourselves as direct interveners, we see ourselves as facilitators. Elyx, the United Nations’ digital ambassador, uses various expressions and actions to help demonstrate the meaning of each Sustainable Development Goal. Now, rankings are very controversial, but what we know about rankings is, boy, do they get people's attention. There is no way that we can solve any of these problems, the refugee crisis, pandemics, famine, all these--we can't solve them with our capital. It is called the Harmonized Learning Outcome Database. The SDGs are not primarily an aid agenda. Now, in the two centuries from 1820 until now, what happened was that the availability of goods, of services just exploded. What does sustainable development mean and how can we live more sustainably? They were wrong about that, of course, but that's what they said. Well, over the past 70 years, countries have paid in capital, have given us money. 400 million people lack access to essential services. And if you look at two health indicators, adult survival and childhood stunting, you really can bring into the equation the impact of health on where you sit in terms of your overall human capital. And Scaling Solar now has gotten--the latest was 4.7 cents a kilowatt/hour in Senegal. And so, philanthropy was started. And we had to pay something for it, but a tiny fraction of the overall amount. So, Senegal pays 15 to 20 cents per kilowatt/hour of electricity, but the solar auction, because we helped them with it, now they're only going to pay 4.7 cents. She talks about the founding--the formation of the so-called bourgeoisie. My children will work three hours a day, three days a week, and they will feel very busy.". And by 2030, 46--nearly half of all the people living in extreme poverty will live in fragile and conflict-affected states. And unless we use the tools of finance to do it, we will not succeed. Well, if you look back into the history of how you tackle the problem of inequality, how you tackle the problem of poverty, this man, Andrew Carnegie, is a very important figure. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. They can watch movies, television shows. This is a change that fundamentally we need to see. The Sustainable Development Goals – by YAK. And so, without taking a single penny of loan, without paying a single penny in terms of interest payments on loans, we were able to get the private sector to finance this completely. Two centuries ago, four out of five U.S. adults worked to grow food for their families. The first loan of the World Bank, though, was to France. However, delivery of professional development needs to consider the philosophies and pedagogies of training recipients, and activities should be tailored to meet their needs. And there was a huge amount of literature created. It is not a finite substance to be diminished by division. There were so many people that were so desperate to get 8 percent a year that we were oversubscribed and now we have $450 million that sits in our accounts, ready to be disbursed if there's a pandemic. The world is so interconnected that you're going to have to think about their prospects, as well as your own. And we have been able to do that to the tune of $900 billion. Johannesburg, South Africa 2 September 2002. And that conference, which was not easy, led to the foundation of this organization. So, Carnegie helped other, John D. Rockefeller, think differently about their money. And this is what the World Bank said: "Korea is so poor, they're so backward, we're not going to give them a loan because they would never be able to pay it back." And he wrote this: "There is a difference between knowledge of other peoples and other times that is a result of understanding, compassion, careful study, and analysis for their own sakes. But we don't take that money and just give it away. So, we're doing this and we're trying to leverage everything we possibly can. But starting in 1820, the world started changing very, very quickly. We're now the largest financers of climate change activities in the world. Now, part of the criticism here is that what Schweitzer was up to--and he talked about it with great clarity. It's a huge company. We will look at different techniques for incorporating environmental justice considerations into community planning and how they fit within a sustainable development framework. But then, something happened right around that time, which was in 1946, which was announced in a commencement speech at Harvard in 1946 by General George Marshall called the Marshall Plan. But now, all of official development assistance is only 9 percent. So, all of official development assistance is about $140 billion; you throw impact investing on top, another 200 billion. At the core of sustainable development is the fragile condition of balancing between protection as well as maintenance of the productivity. History . Great idea, but it's tiny, relatively speaking. Literally, people take "thousand euro" bills and put them in their safes. For freedom of opportunity is the foundation for all other freedoms. Helen Clark: Speech on Sustainable Development Goal Implementation – the UN Development System and UNDP’s Roles Jan 18, 2016. And when that happens, your income also has to go up or you're not very satisfied. That means that you put your money in the bank, but rather than the bank giving you interest, you pay them every year to hold your money. After three to four months of arguing--and that's what we do at the World Bank, we argue. So, we have created, for example, after the horror of Ebola, we were so worried about why did we wait so long to respond to Ebola that we created an insurance instrument. Sustainable development, "meets the needs of the present without The need to achieve the Sustainable Development Goals, a UN--the UN Sustainable Development Goals, the global goals, as they're called, is about $4 trillion a year. If you continue to navigate this website beyond this page, cookies will be placed on your browser. This is a huge victory and we're now going to take that elsewhere. Authors of International Environmental Law and Policy for the 21st century, Nanda and Pring, write, “The message of the Brundtland Report was that it is possible to achieve a path of economic development for the global economy which meets the need of the present generation without compromising, Sustainable Development ", Cameron goes on to say, "I said then that the hospital existed for him rather than he for it. So, the idea--this is the Guinean Stock Exchange. The Jordanian Government, though, still owns 54 percent and therefore receives 54 percent of the profit. Countries would devalue their currency, would try to do everything they could to gain an advantage, and the status of global currencies was in a mess. Making development sustainable is a difficult task because, In the past century, the term sustainable development has gained a lot of attention, however, it has since been overused to a point of saturation where it has lost the influence it previously elucidated and become a jargon for developers and slogan for environmentalists.